Finance
DraftKings raises revenue guidance after successful Q4
DraftKings has raised its 2023 revenue guidance to $2.95bn, up from $2.90bn, after experiencing “better than expected” sportsbook results – among other successes – in…
New Jersey sees record Super Bowl win
New Jersey’s sportsbooks saw record Super Bowl win of more than $12m for this year’s championship game, while strong sports betting figures saw a rise…
CDI closes $197.2m sale of Arlington Heights property to Chicago Bears
Churchill Downs Incorporated (CDI) has completed the sale of a property in Arlington Heights, Illinois, to nearby National Football League (NFL) franchise the Chicago Bears.…
AGA: Sports betting revenue up 73% as overall GGR hits record total
The American Gaming Association (AGA) reported that overall gross gaming revenue hit a new all-time record in 2022, while sports betting revenue grew 72.7% year-on-year.…
Detroit casino revenue up 2.6% to $103.5m in January
Revenue at the three land-based commercial casinos in Detroit increased 2.6% year-on-year in January despite a sharp drop in sports betting revenue. Total revenue amounted…
Iowa sports betting revenue rises despite handle drop in January
Sports betting revenue in Iowa increased 15.4% year-on-year in January despite consumers in the state spending less on wagering. Revenue for the month amounted to…
Betty start-up raises $5m in seed funding
Real-money gaming start-up Betty has announced that it has raised $5m from a suite of investors led by Karlani Capital. In addition to Karlani, CEAS…
Impairment charge pushes Bally’s preliminary Q4 losses to $477m
A significant impairment charge may cause Bally’s losses to rise more than 300% year-on-year to $476.8m (£394.3m/€446.2m) according to its preliminary Q4 results, even as…
Wynn Resorts hopeful of digital profit by late 2023
Wynn Resorts said that its digital business could post a profit by late 2023 after losses for the division were significantly reduced year-on-year during its…
MGM Resorts continues winning streak in Las Vegas
MGM Resorts International reported a fifth consecutive record-breaking quarter in Las Vegas during the final three months of 2022. In a trading update for the…
Food and beverage sales improve net income at Red Rock
A fall in asset impairment costs and a sharp rise in food and beverage sales helped Las Vegas-based casino operator Red Rock Resorts to a 10.0%…
DoubleDown slips to loss after Benson settlement and impairment costs
DoubleDown Interactive posted a net loss of $237.7m for its 2022 financial year following one-off charges related to a legal settlement in Washington and impairment…
Boyd eyes online growth after record revenue and earnings in FY22
Boyd Gaming set out plans to expand its online and sports betting segments to drive further growth in the year ahead after reporting record revenue…
Higher costs offset revenue growth at Penn in FY22
Land-based and mobile gaming operator Penn Entertainment reported a year-on-year drop in net profit for its 2022 financial year after higher costs offset revenue growth…